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Stock Report
JSW Ispat Special Products Ltd posts profit in Q2FY21 on exceptional items
Posted On : 2020-10-20 19:48:57( TIMEZONE : IST )
MONNET ISPAT & ENERGY LTD. has reported financial results for the period ended September 30, 2020.
Financial Results (Q2 FY20-21) - QoQ Comparison
The company has reported total income of Rs.957.84 crores during the period ended September 30, 2020 as compared to Rs.597.68 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.250.81 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.(154.74) crores for the period ended June 30, 2020.
The company has reported EPS of Rs.2.43 for the period ended September 30, 2020 as compared to Rs.(3.28) for the period ended June 30, 2020.
| Financials | Q2 FY20-21 | Q1 FY20-21 | % Change |
| Total Income | ₹ 957.84 crs | ₹ 597.68 crs |  60.26% |
| Net Profit | ₹ 250.81 crs | ₹ (154.74) crs | 262.08% |
| EPS | ₹ 2.43 | ₹ (3.28) | 174.09% |
Financial Results (Q2 FY20-21) - YoY Comparison
The company has reported total income of Rs.957.84 crores during the period ended September 30, 2020 as compared to Rs.664.11 crores during the period ended September 30, 2019.
The company has posted net profit / (loss) of Rs.250.81 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.(126.04) crores for the period ended September 30, 2019.
The company has reported EPS of Rs.2.43 for the period ended September 30, 2020 as compared to Rs.(2.43) for the period ended September 30, 2019.
| Financials | Q2 FY20-21 | Q2 FY19-20 | % Change |
| Total Income | ₹ 957.84 crs | ₹ 664.11 crs | 44.23% |
| Net Profit | ₹ 250.81 crs | ₹ (126.04) crs | 298.99% |
| EPS | ₹ 2.43 | ₹ (2.43) | 200% |
Financial Results (6 months ended FY 20-21) - YoY Comparison
The company has reported total income of Rs.1555.52 crores during the 6 months period ended September 30, 2020 as compared to Rs.1446.70 crores during the 6 months period ended September 30, 2019.
The company has posted net profit / (loss) of Rs.96.07 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.(259.41) crores for the 6 months period ended September 30, 2019.
The company has reported EPS of Rs.0.87 for the 6 months period ended September 30, 2020 as compared to Rs.(5.32) for the 6 months period ended September 30, 2019.
| Financials | Half-Year Ended FY20-21 | Half-Year Ended FY19-20 | % Change |
| Total Income | ₹ 1555.52 crs | ₹ 1446.70 crs | 7.52% |
| Net Profit | ₹ 96.07 crs | ₹ (259.41) crs | 137.03% |
| EPS | ₹ 0.87 | ₹(5.32) | 116.35% |
Exceptional item comprises of gain of Rs. 318.50 crore on settlement of loan outstanding of Rs. 294.29 crore and interest due thereon of Rs. 42.60 crore at Rs. 18.39 crore, pursuant to a settlement agreement entered into with its lender and loss of Rs. 13.35 crore towards reassessment of realizable value of assets held for sale.
Shares of JSW Ispat Special Products Ltd (formerly MONNET ISPAT & ENERGY LTD) was last trading in BSE at Rs.19 as compared to the previous close of Rs. 18.95. The total number of shares traded during the day was 22522 in over 72 trades.
The stock hit an intraday high of Rs. 19.6 and intraday low of 18.85. The net turnover during the day was Rs. 430589.
